Ashley Medical Center

EIN: 450255914 501(c)(3) Health Care

Ashley, ND

Total Revenue
$10,818,150
Total Expenses
$11,521,033
Total Assets
$8,798,255
Net Assets
$6,773,670
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
ND
Principal Officer
Eric Heupel
Phone
7012883433
Tax Period
2024-07-01 to 2025-06-30

Ashley Medical Center, founded in 1949, is a mid-sized nonprofit in the Health Care sector that reported $10.8M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

To construct, maintain, and operate health care facilities in the community of Ashley, ND.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $384,694
Program Service Revenue $10,428,696
Investment Income $560
Other Revenue $4,200
TOTAL REVENUE $10,818,150

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,085,635
Fundraising Expenses $0
Program Expenses $9,999,594
Other Expenses $4,435,398
TOTAL EXPENSES $11,521,033

Year-over-Year Comparison

2024 2023 Change
Revenue $10,818,150 $13,386,885 -0.2%
Expenses $11,521,033 $11,419,185 +0.0%
Net Income $-702,883 $1,967,700 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
145
Volunteers
18

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$398,299
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brenda Meyer President (Jul-Oct) 1.00
Officer Director
$0 $0 $0
Anthony Neu President 1.00
Officer Director
$0 $0 $0
Adam Wishek Vice President 1.00
Officer Director
$0 $0 $0
Kristie Morrison Secretary 1.00
Officer Director
$0 $0 $0
JoAnne Stugelmayer Board Member 0.50
Director
$0 $0 $0
Megan Thomas Board Member 0.50
Director
$0 $0 $0
Devonia Fischer Board Member (as of Oct) 0.50
Director
$0 $0 $0
Brent Ulmer Board Member 0.50
Director
$0 $0 $0
Gwen Schumacher Board Member 0.50
Director
$0 $0 $0
Angela Bertsch Board Member 0.50
Director
$0 $0 $0
Corey Ulmer CFO 40.00
Officer
$114,804 $43,869 $158,673
Eric Heupel CEO 40.00
Officer
$181,113 $58,513 $239,626
Lori Bichler Nurse Practitioner 40.00
Highest
$288,610 $43,193 $331,803
Cori Randall Nurse Practitioner 40.00
Highest
$193,668 $45,384 $239,052
Jeremy St Aubin Physical Therapist 40.00
Highest
$128,594 $53,025 $181,619
Jodi Haas Registered Nurse 40.00
Highest
$143,811 $19,002 $162,813
Emma Wright Registered Nurse 40.00
Highest
$127,603 $18,920 $146,523
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $10,818,150 $11,521,033 $8,798,255 $-702,883
2024 $13,386,885 $11,419,185 $8,731,512 $1,967,700
2023 $10,609,204 $10,467,775 $6,453,791 $141,429
2022 $10,168,498 $9,282,726 $7,132,494 $885,772
2021 $11,410,488 $8,591,499 $8,455,161 $2,818,989
2020 $8,725,880 $8,978,851 $7,431,535 $-252,971
2019 $8,590,180 $8,917,465 $3,778,987 $-327,285
2018 $8,205,794 $8,371,381 $3,765,004 $-165,587
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